Mountain View Bank of Commerce (Mountain View) has two CDs that have become competitive simply by maintaining their APYs. The rates on the 18-month (2.57% APY) and 30-month CD (2.89% APY) have been in effect for more than a year, which could indicate an out-of-date website. CSR confirmed that both rates are correct. The minimum opening deposit is $1k, with a balance cap of $250k.
The 18-month and 30-month have the highest CD APYs offered by Mountain View; the next highest rate is 1.51% APY on the 48-month CD.
According to CSR, the Early Withdrawal Penalty for either CD is 12 months of interest.
Headquartered in Westminster (a suburb of Denver), Mountain View Bank of Commerce is a full-service bank, which offers its product line and services to residents of Colorado.
According to CSR, your first account opened at Mountain View requires an in-person visit to the sole branch located on N. Pecos Street in Westminster, but once all the pertinent information is on file, further transactions can be done through the mail, fax, or e-mail. Mountain View’s online banking services are limited at this time to bill pay and existing account management.
Note: There is a Mountain View Bank located in Colorado Springs, which is a separate financial institution (a division of Waypoint Bank) with no relationship to Mountain View Bank of Commerce.
Mountain View Bank of Commerce has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.10% (excellent), based on June 30, 2019 data. In the past year, Mountain View increased its total non-brokered deposits by $9.7 million, an excellent annual growth rate of 12.76%. Please refer to our financial overview of Mountain View Bank of Commerce (FDIC Certificate # 58772) for more details.
Mountain View Bank of Commerce is a young bank, having been founded in 2008 by Colorado native Andy Ellison, the Bank’s current President and CEO. As a community oriented bank, Mountain View actively gives back to the Denver metro area through its “Make a Difference” (MAD) Day program.
Each quarter the Mountain View team chooses a neighborhood or national organization and goes out to give back during a "Make a Difference" (MAD) Day.
Recent MAD Days have included Jewish Family Service Lunchbox Express, Fill-A-Backpack Chamber Challenge through A Precious Child, Realities for Children Scholarship program, and Junior Achievement of Colorado.
How the CDs Compare
When compared to 228 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and available within the market area, Mountain View Bank of Commerce’s 18-month CD APY currently ranks second.
When compared to 293 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and available within the market area, Mountain View Bank of Commerce’s 30-month CD APY currently ranks third.
The above rates are accurate as of 10/29/2019.
To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.